Economist Predicts Fuel Price Shocks In South Africa
The Minister of Finance and the Minister of Mineral and Petroleum Resources confirmed the extension of a temporary fuel levy reduction. Diesel will attract no fuel levy during this period, according to the announcement. The government estimates the fiscal loss will be approximately $17 billion in revenue. Governments have officially extended a temporary reduction of the fuel levy to protect African citizens from a price increase expected next month. The announcement was reported by SAfm News. The extension follows previous temporary reductions to mitigate rising costs. The announcement was made by presenter Greg Chas. Petrol is expected to continue receiving a relief of three rand per liter. Analysts suggest an anticipated fuel price hike in May may still negatively impact the economy despite these relief measures.
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Sources · 7 independent
“the Minister of Finance and the Minister of Mineral and Petroleum Resources have confirmed the relief measures first introduced in April will now continue. The general fuel levy was slashed by three randolita and remains suspended until 2 June.”
“Governments officially extended the temporary reduction of the fuel levy to shields of Africans from another massive price hike expected next month. The general fuel levy was slashed by three randolita and remains suspended until 2 June.”
“diesel will attract no fuel levy at all during this period. Government estimate that the FISCAS will lose approximately $17 billion in revenue.”
“announced that diesel will attract no fuel levy at all during this period. Government estimate that the FISCAS will lose approximately $17 billion in revenue.”
“governments officially extended the temporary reduction of the fuel levy to shields of Africans from another massive price hike expected next month.”
“been cleared but it's been replaced by a broken down bus entry.”
“Government has officially extended the temporary reduction of the fuel levy.”
“Top story government has officially extended the temporary reduction of the fuel levy.”
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